Tata Motors hits 52-week low

The stock hit a 52-week low of Rs 405, plunging 33% from its record high of Rs 606 touched in February this year.

Shares of Tata Motors have dipped 6% to Rs 405, also their 52-week lows on the National Stock Exchange (NSE), on concerns about a slowdown in China.

China is the biggest market of Tata Motors' Jaguar Land Rover (JLR). The Chinese markets continued their plunge this week, wiping close to 37% off their market valuation from the peak of June 12.

The stock of Tata Motors has plunged 33% from its record high of Rs 606 touched in February this year.

At 1122 hours, the stock of Tata Motors was down 5.6% to 407 and has seen a combined 6.16 million shares changing hands on the counter on the NSE and BSE.